TD Asset Management Inc Acquires 61,739 Shares of Block, Inc. $XYZ

TD Asset Management Inc boosted its stake in Block, Inc. (NYSE:XYZ) by 15.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 466,514 shares of the technology company’s stock after acquiring an additional 61,739 shares during the period. TD Asset Management Inc owned 0.08% of Block worth $33,715,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Traub Capital Management LLC purchased a new position in shares of Block during the second quarter valued at about $26,000. Nemes Rush Group LLC bought a new stake in Block during the 2nd quarter valued at approximately $26,000. City Holding Co. purchased a new position in shares of Block during the 3rd quarter worth approximately $27,000. Cromwell Holdings LLC bought a new position in shares of Block in the 3rd quarter worth approximately $27,000. Finally, Cary Street Partners Investment Advisory LLC purchased a new position in shares of Block in the 3rd quarter valued at approximately $28,000. 70.44% of the stock is currently owned by institutional investors.

Block News Roundup

Here are the key news stories impacting Block this week:

• Positive Sentiment: Management announced cuts of roughly 4,000 roles (nearly half the workforce) and said it will accelerate integrating AI to boost efficiency — a move investors interpreted as materially lowering future operating costs and improving margins. Reuters: Block shares soar as Dorsey leans on AI
• Positive Sentiment: Block reported Q4 results with EPS roughly in line with consensus and revenue up year-over-year (~$6.25B), and management raised 2026 outlook — the combination supported the rally. Zacks: Block Stock Soars
• Positive Sentiment: Multiple firms raised ratings/price targets (TD Cowen, Morgan Stanley, Needham, Oppenheimer, BTIG, Cantor Fitzgerald), signaling analyst confidence that the restructuring and AI investments boost long-term value. Benzinga roundup
• Neutral Sentiment: Macro headwinds and market volatility are present (weak futures / sector rotation), which could cap broader market upside even as Block-specific news drives the stock. Zacks: Oil Surges / Market Moves
• Negative Sentiment: The restructuring will incur substantial one-time costs (reported $450–$500M in severance and charges), which will weigh on near-term cash flow and reported results. WSJ: Layoff costs
• Negative Sentiment: Some analysts and commentators caution the boost from cuts and AI may not be durable; Seeking Alpha flagged a downgrade risk, and regulators/law firms (Halper Sadeh) are probing potential fiduciary issues — both represent execution and governance risks. Seeking Alpha: Downgrade concerns PR Newswire: Investor probe

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on XYZ. Piper Sandler reduced their price target on Block from $55.00 to $51.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 14th. Morgan Stanley raised shares of Block from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $72.00 to $93.00 in a research report on Friday. Oppenheimer lifted their price target on shares of Block from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Friday. Truist Financial set a $72.00 price objective on shares of Block in a report on Tuesday, January 20th. Finally, The Goldman Sachs Group decreased their target price on shares of Block from $96.00 to $82.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Block presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.97.

Block Price Performance

Shares of XYZ opened at $63.77 on Friday. Block, Inc. has a twelve month low of $44.27 and a twelve month high of $82.50. The company has a market capitalization of $38.75 billion, a P/E ratio of 30.37, a price-to-earnings-growth ratio of 1.12 and a beta of 2.67. The firm has a 50 day moving average of $61.27 and a 200 day moving average of $68.22. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.25.

Block (NYSE:XYZ) last released its quarterly earnings data on Thursday, February 26th. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.39. Block had a return on equity of 6.67% and a net margin of 5.40%.The business had revenue of $6.25 billion for the quarter. During the same period last year, the company posted $0.71 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Block, Inc. will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Block news, insider Brian Grassadonia sold 10,349 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $50.00, for a total transaction of $517,450.00. Following the transaction, the insider owned 503,784 shares in the company, valued at approximately $25,189,200. This represents a 2.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Ajmere Dale sold 1,173 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $65.09, for a total transaction of $76,350.57. Following the sale, the chief accounting officer directly owned 98,412 shares in the company, valued at approximately $6,405,637.08. The trade was a 1.18% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 16,797 shares of company stock valued at $940,298. Company insiders own 10.85% of the company’s stock.

Block Profile

Block (NYSE:XYZ) is a financial technology company that builds products and services to facilitate electronic payments, commerce, and consumer finance. Its principal business lines include a seller-focused ecosystem that provides point-of-sale hardware and software, payment processing, invoicing, payroll and lending services, and a consumer-facing platform that offers peer-to-peer payments, banking-like features, and investing. Block’s portfolio also encompasses music streaming and buy-now-pay-later capabilities through businesses acquired to broaden its reach beyond core payments.

The company was founded as Square in 2009 by Jack Dorsey and Jim McKelvey and later rebranded to Block to reflect a diversified set of businesses across payments, consumer finance, and emerging technologies.